Verdure UltimateTrail is a comprehensive expert advisor based on trailing stop methods. It uses seven popular trailing stop methods, including a method based on any custom indicator. The EA is designed to protect profits by allowing you to keep a trade open in profit as long as the price is moving in the right direction, while the trade will be closed in the event of a change in direction. Please note that the Verdure UltimateTrail Expert Advisor does not open orders, it only helps to manage positions. The Expert Advisor implements the following seven trailing stop methods:

ATR Trailing Stop

This method is based on coefficients based on ATR values. The mechanism of the racket prevents the stop-loss level from lowering when the trend is rising and rising when the trend is falling. See the screenshot.

Traditional trailing stop

In this method, the stop loss follows the market price at a certain distance from it (in pips). This is the most popular type of trailing stop. For example, for a buy order, you can choose a distance of 20 pips from the market price.

Trailing based on Parabolic SAR

Uses the values of the Parabolic SAR indicator. See the screenshot.

Trailing stop by Chandelier

This system was introduced by Alexander Elder in his book “Trading with Dr. Elder: An Encyclopedia of Stock Trading”. Like the ATR trailing stop, this method uses the ATR coefficient, which is subtracted from the highs for the rising trend and the sum of the ATR coefficient and the lows for the downtrend. For more information, see the “Discussions” tab.

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N-Bar Treling Stop

This system is based on the idea of a three-bar exit system 3-Bar Exit System, described in the book ” Naked Forex. The technique of trading without indicators with a high probability of success” by Alex Nikritin and Walter Peters. In the original system, the stop position is held at a distance of a few pips from the highest high 3 bars ago for sell orders and a few pips from the lowest low 3 bars ago for buy orders. Popular examples of this type of trailing stop include 3 Bar High Low Trailing stop and 2 Bar High Low Trailing Stop.

This implementation allows you to decide how many bars to use for trailing. For example, for a buy order, you can choose a distance of 5 pips from the highest maximum 3 periods ago (on the hourly chart, this is 3 hours ago). Since this implementation provides a safe stop, it can be used until the end of 3 bars from the moment of placing the order. Clearly shown in the screenshots.

Trailing stop by percentage

Your position is located at a certain distance as a percentage of the opening price, high, low, or closing price n bars ago. For example, for a buy order, you can choose a distance of 10% from yesterday’s high. For more information, see the “Discussions” tab.

Trailing stop based on a custom indicator

Use any indicator for trailing. All you need to do is specify its name and buffers to use in trailing both buy and sell orders. The Expert Advisor will do the rest itself.

• 7 extremely popular trailing stop methods in one Expert Advisor
• Completely eliminates human error
• The parameters of each type of trailing stop are flexibly configured
• Trailing can occur on each tick or on a new bar
• It can be used for trailing orders opened by another Expert Advisor. You can also set up exceptions to prohibit trailing other people’s positions
• Works in 2 modes (local or global)
• Notifications that include alerts, push notifications, and email messages
• Logging of the Expert Advisor’s actions
• A safe stop is implemented to protect all orders with the stop loss level in case of price movement in the opposite direction. The safe stop level is the maximum allowable risk.

More detailed information, examples, and sources are available on the “Discussions” tab.

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